Little Hotelier

FEBRUARY 25, 2024

What is revenue management consulting? Revenue management consulting is specialised expertise that a business can bring in to gain guidance on managing and optimising revenue. An investment in hotel revenue management services is therefore one that can quickly deliver an attributable return.

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Revenue Management Revenue Services Management 52

Demand Calendar

OCTOBER 4, 2023

Upselling is often misunderstood as a revenue tool. When done well, upselling can be a way to provide additional value to guests, enhancing their overall satisfaction. However, it's more than just a way for hotels to earn more money. In this post, I will explore this strategy, looking at how it can benefit hotels and guests.

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Upsell Revenue Hotels General Manager 72

Catala Consulting

FEBRUARY 19, 2024

This is particularly true in the dynamic field of revenue management, where personalization can make or break the customer experience. This blog post delves into the essence of hyper-personalization and its transformative impact on revenue management strategies across various industries.

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Revenue Management Revenue Management Business 52

Refine

JANUARY 29, 2023

Upsells are a simple, straightforward way to drive more revenue, increase engagement, and build customer loyalty. Implementing the right upsell strategy can improve the guest experience and your bottom line.

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Upsell Travel Revenue Business 75

Hotel Speak

AUGUST 9, 2023

In the dynamic landscape of the hospitality industry, effective hotel revenue management stands as a cornerstone for optimizing profits. Understanding the Essence Hotel revenue management is a strategic process encompassing the precise pricing of hotel rooms to unlock their full revenue potential.

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Revenue Management Revenue Management Upsell 52

Lodging

FEBRUARY 1, 2024

AUSTIN, Texas—Oracle announced that Marriott International has selected Oracle Hospitality OPERA Cloud Property Management System (PMS) and Sales and Event Management as a hospitality cloud platform for luxury, premium, select-service, and midscale properties.

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Hospitality Upsell General Manager Events 157

Catala Consulting

JANUARY 18, 2024

In the dynamic world of hospitality, the UK market stands out as a beacon of innovation and adaptation, particularly in the realm of hotel revenue management. This article explores the top trends in hotel revenue management, yield management, and revenue management in the UK, offering insights and strategies for hotel professionals.

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Revenue Management Revenue Management Market 52

Hotel Business

SEPTEMBER 15, 2023

Eister There are many myths about revenue management, but there are five we hear most often. Myth #1: Revenue management is only essential when business is booming. Revenue management is a fundamental part of business, especially in such a dynamic industry as hospitality. Are these actually attainable?

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Revenue Management Revenue Management Forecasting 64

Catala Consulting

JULY 30, 2023

In the fiercely competitive hospitality industry, the essence of successful resort revenue management lies in data-driven decision-making. This approach is pivotal in optimizing financial performance and driving both revenue growth and guest satisfaction. Why is Revenue Management Imperative for Resorts?

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Revenue Management Revenue Resorts Management 52

STAAH

JANUARY 16, 2024

A few small but powerful tweaks to your overall pricing strategy can make a dent to your revenue. In this blog, we share some simple tactics and ideas that can boost your hotel’s revenue. Optimise ancillary revenue. Attractively pricing these or combining with room booking to create packages can bump up your revenue quickly.

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Revenue Ancillary Revenue Revenue Management Hotels 85

Intelity

AUGUST 29, 2023

For properties wondering how to increase hotel revenue, the answer lies in data aggregation Driving non-room revenue is one of the key goals for almost all hoteliers and hotel operators. But what if maximizing revenue was easier than you think? Want to learn how to increase hotel revenue at your property by using guest data?

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Revenue Upsell Operations Hotels 75

Refine

DECEMBER 11, 2022

Few hoteliers use front desk upselling to the max. Not only do the front desk employees need to stay up to speed with all the upselling deals, but they also need to be comfortable using essential communication skills and marketing techniques. In short, to get it right, you need to read each situation correctly and.

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Upsell Market Marketing Revenue Management 59

Mews

OCTOBER 16, 2023

Since then, the humble SMS has become a part of daily life, and that makes it a great means to engage with guests – and boost revenue for your business. The new Mews SMS add-on is a simple way to improve the guest experience, cut down manual tasks for staff, and generate more upsells.

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Revenue Upsell Management Business 52

Little Hotelier

NOVEMBER 6, 2023

What is hotel revenue optimisation? As a small, independent hotelier you may have heard the terms hotel revenue optimisation and hotel revenue management. So what is revenue optimisation? Do all that and you’ll optimise your revenue by making as much money as possible from a limited resource: your rooms.

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Revenue Average Length of Stay Average Daily Rate Hotels 59

Mews

JULY 11, 2023

A question on every hotelier's mind: how to generate more revenue in a hotel. While there's no tried and tested solution, it can be achieved by creating a good promotion plan, tapping into sources of ancillary revenue, upselling, and other marketing strategies.

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Ancillary Revenue Revenue Upsell Marketing Strategy 52

The Cosmos

JANUARY 23, 2023

Hotel revenue management is an important tool for hoteliers to use in order to maximize profits and remain competitive in a crowded industry, but it is a complex machine. This blog delves into hotel revenue management : what it is, how it works, and the critical role it plays in a hotel’s overall success.

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Revenue Management Revenue Business Management 52

eHotelier

JANUARY 10, 2023

Oaky is excited to announce that it has been selected 2023’s #1 Upselling Software by Hotel Tech Report 6th year in a row.

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Upsell Hotels Revenue Management Revenue 52

Little Hotelier

OCTOBER 17, 2023

What is hotel revenue? Hotel revenue is the income your business earns from selling rooms or other products and services to guests. While revenue is mostly generated from selling your rooms, you can also collect revenue from your amenities such as a bar, restaurant, gym, or spa.

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Revenue Hotels OTA Ancillary Revenue 100

Hotelier Magazine

APRIL 12, 2024

Next week, users of the Maestro PMS platform, a web-browser based cloud and on-premise property-management system, will gather at the King Edward Hotel in Toronto for the sold out Accelerate 2024 users conference. MARKHAM, Ont.

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Upsell Shopping Revenue Operations 52

Intelity

JUNE 22, 2023

Discover how you can increase your hotel ROI, while you’re maximizing revenue by choosing the right hotel technology Maximizing revenue and increasing ROI — it’s every business owner’s dream. Here are four ways hotel technology can offer a profitable return on investment, while maximizing revenue. Then, request a demo today.

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ROI Revenue Dining Upsell 72

Little Hotelier

APRIL 4, 2024

After almost three years as an existing Little Hotelier customer, we recently spoke to Ciara Sexton , Group Sales & Marketing Manager , about how Little Hotelier’s Guest Engagement feature has been able to drive new success for the business. This helps us meet our goals and reduces pressure on our operating budget.”

Revenue 52

Revenue Upsell Accommodation Services 52

eZee Absolute

OCTOBER 16, 2023

Well, here’s a trick called “ancillary revenue.” To put it in simple words, ancillary revenue or additional revenue is like a bonus income that hotels can earn from things besides just renting rooms. That’s exactly what ancillary revenue is all about. Let’s say, you’re running a hotel.

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Ancillary Revenue Revenue Events Services 59

SiteMinder

SEPTEMBER 19, 2022

With so much to think about as a modern hotelier, including how to respond to growing customer needs while maximising revenue and efficiency, you need to find solutions that make running a property much easier. Hotel management apps are one way of both increasing performance at your business and generally making life easier.

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Management Upsell Hotels Revenue 97

STAAH

FEBRUARY 6, 2024

The hotel overbooking strategy is a revenue management technique that hotels use to maximise occupancy and revenue. However, the downsides of this strategy are potential double-bookings and lost revenue as a result of giving away free room upgrades. 6) Train your staff to manage overbookings.

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Overbooking Cancellation Upsell Revenue 90

Hotel Speak

JANUARY 25, 2024

Nearly 20% of guests checked in online, and one in five hotels diversified revenue by monetizing spaces beyond hotel rooms. While parking spots and meeting rooms have played a huge role in this, 2024 will be the year that more hoteliers revolutionize revenue management. Online check-ins and upgrades continue to increase.

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Average Daily Rate Revenue Travel Upsell 76

Hotelier Magazine

MAY 4, 2023

Further, with operational costs going up, hotels must drive more revenue per guest (TRevPAR) through packaging, upselling and cross-selling of amenities. Or maybe your automated pre-arrival email-based upselling isn’t working, but SMS offers sent out three days prior are converting. But the benefits are long-lasting.

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Revenue Upsell Occupancy Travel 59

Hotel Management

APRIL 18, 2023

Hotels can even upsell additional amenities, leading to increased revenue and guest satisfaction. Digital menus are also easily updated in real-time, reducing printing costs and paper waste, while also providing an opportunity for restaurants to showcase high-margin items and offer automated upsells.

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Upsell Hotels Services Operations 147

Refine

NOVEMBER 30, 2023

A revenue management strategy is a common practice among hotels. What’s less common is having an ancillary revenue strategy, though. It’s one of the first steps to unlocking a new, powerful revenue stream and improving the hotel’s positioning and branding while enhancing the guest experience.

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Ancillary Revenue Revenue Revenue Management Branding 52

SiteMinder

AUGUST 29, 2023

What is ancillary revenue? Ancillary revenue is when you earn income from additional services or products offered at your hotel. By offering these added touches, you’re not just boosting your revenue; you’re creating memorable experiences that make your hotel stand out. Think of it as the cherry on top.

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Ancillary Revenue Revenue Hotels Services 52

Amadeus Hospitality

APRIL 23, 2024

In order to maximize revenue across the business, hoteliers should focus their budget on elevating the guest experience using advanced reservations, distribution, marketing, and data services. These assets can all be creatively worked into pricing and upselling strategies during the shop and book process.

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Upsell Global Distribution System Hotels Shopping 52

AskSuite

JULY 20, 2023

The success of a hotel hinges on more than just its architecture and impeccable service, it’s about managing all moving pieces efficiently. Hotel management can be quite complex, picture the everyday hustle, ensuring each room looks spotless, managing bookings, creating new revenue opportunities….

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Management Business Upsell Marketing Strategy 52

SiteMinder

APRIL 10, 2024

A trusted, long-term, relationship Nira Caledonia has been investing in SiteMinder’s platform for the past nine years, establishing superior distribution and booking strategies to grow revenue and become more efficient. Initially, features such as payment processing , metasearch , and business intelligence were being used to great success.

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Upsell Revenue Business Market 98

Hotel Business

JANUARY 30, 2024

Marriott International has selected Oracle Hospitality OPERA Cloud Property Management System (PMS) and Sales and Event Management as a hospitality cloud platform for luxury, premium, select-service and midscale properties.

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Scale Upsell Events Sales 111

Catala Consulting

DECEMBER 28, 2023

In the hospitality industry, hoteliers are constantly seeking innovative strategies to enhance guest satisfaction, optimize operations, and boost revenue. Data-Driven Decision-Making: Data is the cornerstone of the scientific method and should be in hospitality management as well. Case Studies and Success Stories 1.

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Management Revenue Management Revenue Hotels 52

STAAH

OCTOBER 18, 2022

These communications become a fantastic opportunity to upsell your services. Integration with your PMS and channel manager to ensure the website always reflects accurate information. Room upgrades are always a winner – without impacting your revenue, if you have better rooms available, offer them at a highly discounted rate.

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Revenue Upsell OTA Overbooking 84

SiteMinder

JANUARY 8, 2024

What is hotel management? Hotel management is the practice of overseeing every operation of the business to ensure consistent growth and development. Successful hotel management is about being able to adapt and meet challenges within a range of roles and responsibilities.

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Operations Management OTA Hotels 59

Hotel Business

MARCH 5, 2024

Travel sellers have access to enhanced data sharing and revenue management, while hotels benefit from enhanced customer experiences. Amadeus Value Hotels equips leisure travel sellers with a range of exclusive prepaid net rates and allows sellers to set their selling prices to optimize revenue.

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Travel Upsell Revenue Revenue Management 72